Analysts Set Pebblebrook Hotel Trust (NYSE:PEB) Price Target at $35.64

Pebblebrook Hotel Trust (NYSE:PEB) has been assigned an average rating of “Hold” from the fifteen brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $35.64.

PEB has been the subject of several research reports. Capital One Financial initiated coverage on Pebblebrook Hotel Trust in a report on Tuesday, June 25th. They set an “overweight” rating and a $35.00 price objective for the company. SunTrust Banks initiated coverage on Pebblebrook Hotel Trust in a report on Monday, May 6th. They set a “hold” rating and a $43.00 price objective for the company. Zacks Investment Research raised Pebblebrook Hotel Trust from a “sell” rating to a “hold” rating in a report on Wednesday, July 31st. Bank of America lowered Pebblebrook Hotel Trust from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $33.00 to $29.00 in a report on Wednesday, July 17th. Finally, BTIG Research reduced their price objective on Pebblebrook Hotel Trust from $42.50 to $35.00 and set a “buy” rating for the company in a report on Thursday, June 27th. They noted that the move was a valuation call.

Several institutional investors have recently bought and sold shares of PEB. Dupont Capital Management Corp bought a new position in shares of Pebblebrook Hotel Trust in the second quarter worth $37,000. Pearl River Capital LLC bought a new position in shares of Pebblebrook Hotel Trust in the first quarter worth $40,000. Starr International Co. Inc. bought a new position in shares of Pebblebrook Hotel Trust in the first quarter worth $193,000. Two Sigma Investments LP bought a new position in shares of Pebblebrook Hotel Trust in the fourth quarter worth $207,000. Finally, Arden Trust Co purchased a new stake in shares of Pebblebrook Hotel Trust in the second quarter worth $210,000.

NYSE PEB traded down $0.37 on Wednesday, hitting $26.71. 527,456 shares of the stock traded hands, compared to its average volume of 1,132,821. The stock’s fifty day simple moving average is $27.63. Pebblebrook Hotel Trust has a 12 month low of $25.64 and a 12 month high of $39.40. The company has a market cap of $3.50 billion, a price-to-earnings ratio of 10.90, a price-to-earnings-growth ratio of 2.06 and a beta of 1.34. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.28 and a quick ratio of 0.28.

Pebblebrook Hotel Trust (NYSE:PEB) last announced its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.02. Pebblebrook Hotel Trust had a negative return on equity of 0.10% and a negative net margin of 0.25%. The business had revenue of $442.08 million during the quarter, compared to analyst estimates of $435.37 million. During the same period in the prior year, the company earned $0.81 earnings per share. Pebblebrook Hotel Trust’s revenue was up 114.1% compared to the same quarter last year. On average, analysts forecast that Pebblebrook Hotel Trust will post 2.65 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 5.69%. The ex-dividend date was Thursday, June 27th. Pebblebrook Hotel Trust’s payout ratio is currently 62.04%.

Pebblebrook Hotel Trust Company Profile

Pebblebrook Hotel Trust is a publicly traded real estate investment trust (“REIT”) organized to opportunistically acquire and invest primarily in upper upscale, full-service hotels located in urban markets in major gateway cities. The Company owns 61 hotels, totaling approximately 14,600 guest rooms, located in 10 states and the District of Columbia, including: Del Mar, California; Los Angeles, California (Beverly Hills, Santa Monica and West Hollywood); San Diego, California; San Francisco, California; Santa Cruz, California; Washington, DC; Coral Gables, Florida; Key West, Florida; Naples, Florida; Buckhead, Georgia; Chicago, Illinois; Boston, Massachusetts; New York, New York; Portland, Oregon; Philadelphia, Pennsylvania; Nashville, Tennessee; Columbia River Gorge, Washington; and Seattle, Washington.

Further Reading: Gross Domestic Product (GDP)

Analyst Recommendations for Pebblebrook Hotel Trust (NYSE:PEB)

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